Sonus Networks Named One of the Year's 25 Hottest Start-ups
December 14, 1998
WESTFORD, Mass.--(BUSINESS WIRE)
Carrier-Class IP Telephony Startup Named
Recipient of
Prestigious Industry Award From Data
Communications Magazine
Sonus Networks, innovators in carrier-class
IP telephony products and services, today
announced its selection by Data
Communications as one of the year's Top 25
Hot Startups. Sonus Networks develops
IP-based central office solutions that enable
global carriers to implement and fully realize
the promise of global-scale IP telephony.
Its management team has a distinctly
successful track record in delivering carrier
grade solutions, and the telecommunications,
multimedia and data communications
experience pivotal to the delivery of IP
telephony solutions with the capacity,
scalability, sophistication and reliability to
support the public network, and enable the
rapid development and delivery of innovative
new services. The Sonus management team
is led by Rubin Gruber, Chairman and
co-founder, previously founder of
VideoServer (Nasdaq:VSVR), Davox
(Nasdaq:DAVX), and Cambridge
Telecommunications, acquired by GTE
(NYSE:GTE); Hassan Ahmed, Ph.D., President
and CEO, most recently Executive Vice
President and General Manager of Ascend
Communications' (Nasdaq:ASND) Core
Systems Division, and previously, Cascade
Communications' Chief Technology Officer;
and Dr. Michael Hluchyj, Vice President,
founder and CTO, previously VP and CTO at
Summa Four, recently acquired by Cisco
(Nasdaq:CSCO), Director of Networking
Research at Motorola Codex (NYSE:MOT),
and a leading member of the Technical Staff
at AT&T Bell Laboratories (NYSE:LU).
Data Communications is a worldwide
technology magazine written for corporate
networking professionals. Consideration for
"Hot Startup" was limited to private
companies under five years old. Data
Communications selected the 25 hot startups
based on innovative technology, VC
investment and the level of industry
experience of the staff.
"We are honored to be named as recipients
of Data Communications' prestigious Hot
Startups Award, and view it as both an
important validation of our strategy, and
recognition of the urgent need for central
office solutions that will redefine the
intelligence and economics of the public
network," said Rubin Gruber, Founder and
Chairman of Sonus Networks.
Sonus President Dr. Hassan Ahmed
concluded, noting: "The true promise of the
public network - and the basis on which
carriers must increasingly compete - is the
rapidly delivery of new service products to
expand the use of the public network and
drive customer retention. Sonus was formed
to meet this mission, and is working closely
with carriers to enable them to realize this
promise."
Sonus Networks is funded by some of the
telecommunications industry's most
successful and well-respected venture
capital firms, including: Bedrock, Charles
River Ventures, Matrix Partners, North Bridge
Venture Partners, and Bessemer Venture
Partners.
About Sonus Networks
Sonus Networks, Inc. is developing and
marketing the next generation of
carrier-grade IP Telephony. Its equipment
facilitates the movement of telephony from
traditional circuit networks to packet
networks, enabling a host of new carrier and
end user services. The Sonus management
and engineering teams have proven success
records in the development and delivery of
carrier-class equipment to support data,
voice and multimedia information.
CONTACT: For press/analyst information: For
investor information: | Maureen MacGregor
Rubin Gruber | Pelorus Communications Sonus
Networks | 978-779-8969 978-692-8999
x222
[Copyright 1998, Business Wire] |
